Pattern Trader No Repaint Indicator for MT4
Pattern Trader No Repaint Indicator for MT4
We have started our indicator serial with Cycle Sniper which is followed by Price Action Sniper, Reversal Sniper and Breakout Sniper indicators.
We have come to the end of the serial with Pattern Trader No Repaint Indicator.
Indicator searches for 123 Pattern, 1234 Pattern, Double Top, Double Bottom Patterns, Head and Shoulders, Inverse Head and Shoulders and ZigZag 1.618 Pattern.
Pattern Trader indicator uses a Zig Zag Indicator and Improved Fractals to determine the patterns.
Targets and Stop Loss Levels are defined by Fibonacci calculations.
Those levels must be taken as a recommendation. The trader may use different tools like Moving Averages, Murrey Math or Support / Resistance to set his/her own levels.
Advantages:
- Pattern Trader draws buy/sell arrows with stop loss and target levels.
- User friendly
- Simple Settings
- High Accuracy
- No Repaint
Inputs of the Indicator:
Zig Zag Settings: 12 5 3 Default ( 12 5 3 and 21 16 8 most recommended)
Candle Close: Arrow to appear at the breakout or wait for the candle closing
Choose Patterns to view by True/False
Alert and Notifications: True if you would like to receive alerts and notifications
Colour Options: Choose the colours for Stop Loss and Target Lines for each pattern.
Keep Patterns: True if you like to see the completed patterns in history.
VIEW SAMPLE TRADES BY THE INDICATORS
BUY PATTERN TRADER INDICATOR VIA MQL5.COM